Insuring aganist Regulatory Catastrophe: Compound, or Compact?
Markets are increasingly global. From raw produce to
digital downloads, from political consulting to athletic
competition, national origin is increasingly irrelevant to
the modern marketplace. Global trade negotiations, designed
to generate rules of engagement for a dizzying
array of products and services crossing hundreds of national
boundaries, have become so unwieldy they risk
collapsing of their own political weight.
Nowhere are the good, bad, and ugly sides of globalization
more apparent than in financial services; particularly
in the U.S. market for insurance.